In a recently published report, Orthodontic Equipment Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Orthodontic Equipment Market products.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Orthodontic equipment is a tool used by dental professionals to diagnose, prevent as well as correct mispositioned teeth or even jaws. It also focuses on the modification of facial growth, identified as dentofacial orthopedics. Some of the factors driving the market for orthodontic equipment and consumables are rising prevalence of dental malocclusion, growing dental tourism in developing economies due to low-cost treatment options, rising trends in cosmetic dentistry, and technological advances in orthodontic treatment. The American Dental Association (ADA) is believed to contribute to the dissemination of awareness between many Americans about the benefits of oral hygiene, that also contributes to market growth. The Protection and Affordable Care Act (PACA) has helped to create an organized and competitive market for health insurance through offering private health insurance that reduces out-of-pocket costs to individuals for health and dental services. The lack of health awareness, poor oral hygiene as well as inadequate health insurance policies are restricting the market growth. The increasing number of R&D activities undertaken by manufacturers of medical devices to introduce novel therapeutic products would boost the market over the forecast period.
The regional analysis of Global Orthodontic Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America currently dominates the market under study as well as the United States maintains the major share of the market. This economy is dominated by a questionable need for metal-free restoration. Emerging economies such as china, India , Brazil and Mexico offer multiple growth advantages for businesses engaged in the development as well as marketing of orthodontic products.
Major market player included in this report are:
DENTSPLY International, Inc.
Henry Schein, Inc.
Patterson Companies, Inc.
Zimmer Holdings, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
by Orthodontic Equipment
Dental Radiology Equipment
by Orthodontic Consumables
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Orthodontic Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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